Aged Care Costs

Aged Care costs are closely regulated and are clearly categorised. This means that a financial comparison should be quite straight forward.

The difficulty for residents and their families is getting to the bottom of how means testing will impact overall cost, and determining the best way to organise payments, assets and income to maximise entitlements and ensure costs can be met.

Accommodation Costs

Accommodation costs are paid as:

Refundable Accommodation Payment (RAD)

Daily Accommodation Payment (DAP)

A combination of both.

The Daily Accommodation Payment amount is based on the unpaid amount of the Refundable Accommodation Deposit and is charged like an interest rate. Use our calculator to easily work this out.

Daily Costs

Daily costs are made up of 2 parts:

Basic Daily Fee

Means-Tested Care Fee

The Basic Daily Fee is based on a rate of 85% of the single Age Pension

The Means-Tested Care Fee is worked out after an assessment of the resident's income and assets.